Exclusive Sneak Peek: NetDania’s Five Star HTML5 Chart & New Mobile Trading Platform

Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates' reporters have gotten an exclusive preview of NetDania’s newest HTML5 charting solution, which is coming to the market in October, and the company’s new mobile app for iOS and Android, featuring a multi-chart view and providing trading functionality.

From what we have seen, NetDania’s Five Star Chart HTML5 charting solution by far exceeds the speeds we have observed from other solutions on the market.

Due to the amount of data compression, the smoothness of NetDania’s HTML5 solution is particularly impressive, when keeping in mind that data is retrieved on the fly when doing zoom and scroll operations.

NetDania’s CEO and Founder, Stig Brylle, shared with Forex Magnates, “What most of the industry is trying to accomplish is for an HTML5 chart to run well on mobile, but so far this hasn't been achieved. The current market for tablets simply doesn't offer enough processing power for the devices to be able to deliver a smooth HTML5 experience to an advanced chart user.”

Nevertheless, the Five Star Chart is so far the best we have seen for mobile devices. It has 27 different time scales and more than 150 studies to choose from. However, in order to deliver a more complete mobile experience for the advanced chart user, NetDania has developed a new version of its already widely successful NetDania mobile application, which is the world's highest user rated financial app.

In the top right corner of the charting panel, there is a multitude of layouts to choose from. Right next to it there is a button, which enables multiple charts with different time frames on the same currency pair to get linked together. After the linkage, when the user selects a pair from the quotes panel, all the chart windows will update to the selected pair.

Double tapping on the selected pair will maximize it in full screen as in previous versions. The additional feature here is NetDania’s trading from the chart functionality. Dragging and dropping stop and limit orders on the chart is a very intuitive process. The functionality resembles the desktop version of the platform.

NetDania’s new mobile app with trading will be released in the next couple of months. NetDania is working on implementing live mobile trading with FXCM Inc. (NYSE:FXCM) and CFH Clearing Clearing Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Clearing is a general term that simply means many different things depending on the subject and related industry. Most commonly, this refers to the reciprocal exchange between banks of checks and drafts, and the settlement of the differences, or the total of claims settled at a clearinghouse. In finance and banking, the word clearing has different meanings depending on the more specific business model. Moving checks from the bank where they were deposited to the bank on which they were drawn. Th Read this Term in the coming months.

Users of NetDania's desktop platform, NetStation, can already sign up for a demo trading account with FXCM, having enjoyed CFH Clearing's ClearVision live trading since May. The move perfectly complements the FXCM Inc.'s (NYSE:FXCM) recently announced introduction of raw spreads and commissions for every side of the trade.

Both the mobile application and the Five Star Chart are available to banks and brokers for white labelling. The Five Star Chart (HTML5) is fully customizable and can be branded by brokers and banks to meet their corporate visual profile.

The latest reports from the industry provides evidence that mobile trading only keeps growing and currently stands at around 30-35% of all trades done. Larger brokers in some countries in the Far East report up to 50% of all trades are done via mobile devices.

NetDania’s CEO, Stig Brylle, expects this number to continue to grow along with the usage of mobile apps, especially for tablets which will become more and more powerful.